Table of Contents

• Palantir

• Trump Tariffs

Top Stories Today

Palantir

Palantir CEO Alex Karp sold over $50 million in company stock this week, according to regulatory disclosures. The transactions, which occurred between Tuesday and Wednesday, were part of an automatic plan to cover tax obligations from maturing stock awards. Other senior leaders also offloaded significant shares, including CTO Shyam Sankar and President Stephen Cohen. Despite the executive sales, Palantir's valuation has soared, recently surpassing Salesforce in market cap, driven by enthusiasm for its artificial intelligence offerings and a wave of public sector deals. The stock is up 62% year-to-date.

Trump Tariffs

President Donald Trump announced plans to impose a 50% tariff on goods from the European Union starting June 1, citing stalled trade discussions and what he described as unfair treatment of U.S. companies. The move, posted on Truth Social, marks a sharp escalation from previous tariff proposals and sent both U.S. and European stock markets lower. Trump stated he’s not seeking a new agreement and emphasized the tariffs as a tool to counter what he views as economic imbalances. The White House downplayed the remarks as informal, but market and policy reactions indicate growing concern over trade tensions.

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